Do you think we will open on Monday given the type of cut we have seen today? Do you think we have completely digested this tariff news and Monday can find us better because yesterday, we absorbed this shock very well, and today we were flooded. So, do you think how it has only performed by global markets and Monday may be better for us or you believe this is the beginning of another improvement rally that we can expect to look forward?
Rajesh Palviya: Therefore, again, at the beginning of Monday, the global signals will definitely be affected. Looking at the setup, weekly closed is now below a 20-day, 50-day moving average for the Nifty. But on the other hand, the bank Nifty is showing a different kind of scenario because the bank Nifty is very stable and holds its near -term, short -term, as well as a long -term moving average. So here, we have the power.
But on the other hand, the Nifty has left all the benefits, as well as breaking the all-significant support area. Therefore, for Monday, 22,760 is a crucial level for the Nifty. So, if it breaks those layers, then we continue to move this down, and then sell more follow-ups towards 22,500 in the next week.
But 22,760, if we can catch, so some pullback action we can see in the coming days and then again, in the pullback, 23,100 and 23,200 can now act as a large supply zone because it is the main supply zone on the near -term structure.
Looking at the widespread market, very few pockets are showing power in terms of technology. Banking is a place, NBFC, FMCG and some strength, still showing strength even if we look at some cement stocks. Therefore, leadership is still absent.
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Only the banking sector can provide a little support for the market more high. Therefore, it will be a range-bound type scenario for the next week on damage to the 22,760 lower band and this may be a possible range for the Nifty on the side-stricken side of 23,200.
You mentioned how the Nifty bank is likely to pull the market. In fact, even in today’s trading session, see the Nifty Bank. I mean he was very elastic. In fact, we ended the very flat. We were in red, but compared to the rest of the market it was holding very well. So now, of course, we are penciling after a period of consolidation, then you feel that banks can actually lead the rally next foot and what level is to take care of the Nifty Bank?
Rajesh Palviya: Therefore, yes, yes, the bank Nifty is looking very interesting and I believe that once the bank Nifty passes over 51,700, here we can extend a rally and see 52,000 to 52,200, it may be the next goal for Bank Nifty. Keeping the bank Nifty comfortably above the 200-day moving average, most of the largaqpe private banks are showing good traction in terms of purchase, as well as good traction in PSU bank baskets during the week. Therefore, the bank can support the Nifty market a little and on the loss, one should keep their stop loss around 51,000 levels. Until these levels are intact, there is a possibility that the next target for 52,200 bank Nifts may be the next target.
What are you long? What are you shortening? Are you shortening the Nifty? I mean, there is more pain left. We saw Nasdaq going through a sad Painful session yesterday and the Nifty it was in the US. Many are under pressure to sell the recession and Dollar Lir Tailwind now. So, will you be short on Nifty and what is your long calls ls?
Rajesh Palviya: Therefore, it definitely avoids and again, a Nifty can stay on the short side of the trade for IT as well as on the largecap IT stocks as if we analyze the overall composition, so the Nifty is much below the 200-day moving average and most of the largap IT stocks have broken their monthly support area.
Therefore, we can additionally see the weakness in the Nifty, as well as I will agree again from the point of view of Mr Bagga on the metal field. There is also a weakness here.
Therefore, both of these fields are clearly in the bearish zone and we can see moving forward in these two fields. Therefore, I think stocks in these areas should be avoided. Anyone can see in banking as well as in the NBFC space for a long time. Both of these places look attractive, especially in banking, Largekap banks are looking attractive.
So, from a private sector bank, I think ICICI Bank, HDFC Bank, Kotak Bank are looking attractive and FMCG is another pocket, but is doing well in the re -selected FMCG stocks. Therefore, some FMCG stocks can look at the perspective of the near -term trade and cement is another place where there can be no opportunity because here we have seen strength throughout the week.
Therefore, cement can be a field where we can see the upper speed next week. Therefore, these three pockets look attractive for a long side trade view.
Stock Special Elections, Right now two Calls Ls that you love.
Rajesh Palviya: Therefore, the first is an indigo, the stock almost trades near its highest highway. The way the stock is holding in this volatile market, we can see the target towards 5280. Therefore, one can buy interglob aviation with a stop loss of 5,000. And on the short side, again, it looks weak, so HCL tech can be seen in a short next week, the negative target we are presenting to 1380 with a stop loss of 1455.
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